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president obama elected back in 2008 and at the end of the day that's what it's going to come down to and richard trumka was asked about this on fox business on friday. and he said, he said, do you think that the president, connell ask asked him. do you think that the president is still in your corner and gave a round about answer and he said, i think there's no question he sports workers and rights to bargain in the middle class and we know where they stand, unions and president. >> and the president has been in a pickle here and the the progress he had made since the mid term elections last november, getting tested all over again, because the association with unions, and now, trying to relate to the taxpayers who find the support, some of the tough spending measures, largely republican governors have, and what does he do, what do you think this does? >> well, this is it for unions. if the public sector unions get crunched down by the rising tide of popular anger about public pay and pensions that's it for the whole union movement and they've been destroyed in private industry and
problem for mr. obama. >> yeah. >> and charlie. >> and this is isn't the worst inflation, this is stagflation, i'm old enough i'm sure ben is old enough to remember that, the 1970's. >> easily old enough. >> want today clarify that. >> and maybe the one from the 18th century, but-- >> this is what's scary about the situation and a comment about this a couple of weeks ago, what causes stagflation, high unemployment and high prices and in the '70s in the u.s., a certain degree of political instability, a time in our country, people questioning our future and whether we would remain a super power. you know, because there was an oil shock, what's causing it now in egypt and maybe across the globe, and some people say even here. we have high unemployment and starting to see commodity prices rising and here is what ben pointed to before. immense amounts of demand from china and obviously, a slow down in the economy. >> adam what do you think? we're all celebrating and everyone a sort of sigh of relief, but the fact of the matter is what's beneath the surface, the food inflation
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